CBA 1.97% $79.24 commonwealth bank of australia.

will break to the downside.

  1. 7,397 Posts.


    Looks like CBA will break downwards soon and fall through its bottom trend line ,



    To confirm my theory do an interesting exercise is you have a charting pack with Gann tools ,

    Place the Gann fan axis using the low of Sept 11 as the start point ,

    you will notice the CBA price is being supported by the last Gann fan angle 8*1 at 7.5%,(very negative)


    As a matter of fact it can not get any closer and continues to make lower tops ,

    Gann would call this a pressure point ,or multi bottom waiting for a reversal, down towards $24.76 lows



 
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Last
$79.24
Change
-1.590(1.97%)
Mkt cap ! $140.2B
Open High Low Value Volume
$80.83 $80.99 $79.20 $261.2M 3.275M

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No. Vol. Price($)
1 1973 $79.24
 

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Price($) Vol. No.
$79.25 367 1
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Last trade - 16.10pm 13/11/2019 (20 minute delay) ?
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Last
$79.33
  Change
-1.590 ( 1.51 %)
Open High Low Volume
$80.82 $80.98 $79.20 419122
Last updated 15.59pm 13/11/2019 (live) ?
CBA (ASX) Chart
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